SIL is trading 3.83% higher at $94.74 as silver-mining equities benefit from a rebound in silver futures after the Federal Reserve’s September 16 rate hike.
- December COMEX silver futures were near $64.865, up about 1.6%, directly supporting the sector.
- Broader risk appetite is helping: the S&P 500 rose 0.84% and the Nasdaq Composite gained 1.28%.
- No company-specific announcement involving SIL was identified; the move appears primarily sector-driven, reinforced by improving market sentiment and easing policy uncertainty.